Billionaire Mark Cuban believes Bitcoin and some Altcoins have the potential to win the “market bubble” in the same way that Amazon, eBay and Freakline are experiencing the dot-com boom.
When you look at cryptocurrency trading, it’s just like the internet stock bubble. exactly. I think btc, eth, and a few other dot-com era-built, bubble-burst survivors like AMZN, eBay and Priceline will be similar. Many will not
– Mark Cuban (cmcuban) January 11, 2021
Gold proposer Peter Schiff responded that “Internet companies have real value and no cryptocurrency.”
The difference is that some of those original internet parts actually have real value. So they survived and eventually prospered. There are no winners because there is no real value for any encryption. They will all be lost.
– Peter Schiff (et Peter Schiff) January 11, 2021
According to Cuban policy, the price of cryptocurrencies, like gold, is determined only by supply and demand.
“It is a storehouse of value. Bitcoin has no real value. All the talk about Fiat and depreciation is advertising bikes. Bitcoin is not for trading.
In August 2019, Mark Cuban highlighted the advantages of cryptocurrency over gold.
In September 2020, Peter Schiff of the Year admitted that he was wrong in his July prediction of the first cryptocurrency collapse.
Subscribe to Folklore News on Facebook!
Found an error in the text? Select it and press CTRL + ENTER